Answer:
C. the FIFO method separates the work done during the current period to provide measurements of work done during the current period.
Explanation:
When you are calculating production costs and equivalent units, FIFO method only focuses on the goods produced during the accounting period and basically doesn't consider previous costs associated to beginning inventory. On the other hand, the weighted average method includes both current costs and costs associated to beginning WIP.
Answer:
C. It improves the marketability of an issue of stocks.
Explanation:
In most cases , the expiration date is one year or more in case of warrants . It may be detachable or non detachable with the underlying stock. It gives the stock purchaser the right to purchase a stock at predetermined price at specified date or before. It is issued to increase the marketability of an issue of stocks.
Answer:
The statement that is not true about dividends is:
Capital gains taxes are lower than dividend taxes, and they can be deferred
Explanation:
Dividends is the money paid to investors and shareholders from the profit the company they invested in has made within a period of time.
Dividends can be earned from investing in stocks, mutual funds or exchange-traded funds and it is a taxable income.
Capital gains on the other hand are the incremental amount of value appreciation an asset accrues when it is purchased and after it is sold. This accrued earnings is also a taxable income.
The tax information is included in Schedule B, Form 1040.
Capital gains taxes are not lower than dividend taxes because the U.S. tax code gives treats dividends and capital gains the same.
Answer:
Total current liabilities 13,800
Explanation:
Current Liabilities:
Obligation to pay or do within a year.
We are on Dec 31th 20X2 so anything due on Dec 31th 20X3 or before this date, will be current.
Note payable 2,000 (due nov 1, 20X2)
Discount on NP (500)
Note payable net 1, 500
Unearned Revenues 9,200
(80% of the 11,500 will be provided during the year)
Account Payable 1,600
Total current liabilities 13,800
the allowance for doubtful account is a contra-asset account not a liability account.
The equity is not part of the current liabilities.
the dividends were declared and paid, so there is no dividend payable.
No, it would cost $210.
Each hour charges $40. 4 hours alone is $160.
On top of that, calling the electrician is a flat rate of $50. In total, it would cost $210.
More mathematically, you could set up an equation.
(Price) = $50 + $40 * (hours)
Then plug in 4 hours
price = 50 + 40*4
= 50+160
= 210